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Illiopolis, IL—62539

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$136,000
7.6% YoY Growth
Household Income
$88,600
29.2% YoY Growth
Days on Market
86
155.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Illiopolis, IL

As of Dec '25, the median home price in Illiopolis, IL is $136,000, with a year-over-year change of 7.6%. This indicates that home prices in Illiopolis, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$136,0007.6%
Single Family $136,0008.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    9.4%
    2 Bedrooms
    23.2%
    3 Bedrooms
    48.1%
    4 Bedrooms
    14.6%
    5+ Bedrooms
    4.6%

    Rental Trends — Illiopolis, IL

    Illiopolis, IL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    36.6%
    2 Bedrooms
    22.5%
    3 Bedrooms
    38.0%
    4 Bedrooms
    2.8%

    Property Listings — Illiopolis, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Illiopolis, IL is 75. This is a increase of 171.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 80.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$174,000-15.0%
    Listing Count
    		238.0%
    Listings as % of Homes0.5%38.0%
    Days on Market
    		86155.0%
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    Demographics — Illiopolis, IL

    As of the latest ACS Survey released in 2023, Illiopolis, IL has a population of 1,340, which has increased by 3.5% over the past 5 years. Illiopolis, IL is a popular place for families, as children make up 27.3% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,3403.5%
    % Under 18
    		27.3%15.7%
    % Seniors
    		20.9%7.2%
    % WFH
    		7.2%300.0%
    % w/ College Degree
    		28.9%110.9%
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    As of the latest ACS Survey released in 2023, Illiopolis, IL is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Illiopolis, IL is black, making up 1.4% of the population. Foreign-born residents account for 0.6% of the population in Illiopolis, IL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.6%-0.4%
    % Black
    		1.4%∞%
    % Hispanic
    		0.4%-82.6%
    % Asian
    		0.4%∞%
    % Foreign Born
    		0.6%∞%
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    Mortgage and Risk — Illiopolis, IL

    According to HUD data as of 2023, there were 64 mortgage originations in Illiopolis, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Illiopolis, IL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		64
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Illiopolis, IL

    Illiopolis, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		2.8%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$790
    2 BedroomN/AN/A$970
    3 BedroomN/AN/A$1,300
    4 BedroomN/AN/A$1,330

    Affordability — Illiopolis, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.3
    Median Home Price$136,000
    Median Household Income$88,600

    Illiopolis, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Niantic, IL

    62551

    Edinburg, IL

    62547

    Mount Pulaski, IL

    62548

    Lanesville, IL

    62515

    Latham, IL

    62543

    Frequently Asked Questions